When the price of a product decreases, consumers are generally more willing to buy more of it, leading to an increase in demand.

A benefit of local self-government is greater responsiveness to local needs, as decisions are made closer to the community.

A monopoly is characterized by having one seller that controls the entire market for a good or service.

A common challenge faced by local self-governments is a lack of public engagement in local affairs.

High inflation erodes the purchasing power of money, leading to a decrease in the value of savings.

City Councils are a common form of local self-government, responsible for local governance.

Case studies are a common qualitative research method in social sciences.

The Consumer Price Index (CPI) is a key indicator used to measure inflation by tracking changes in the price level of a basket of consumer goods and services.

Market equilibrium occurs when the quantity supplied equals the quantity demanded at a certain price.

Gross Domestic Product (GDP) measures the total value of all final goods and services produced within a country's borders in a specific time period.

National income refers to the total income earned by a country's residents, including wages, profits, rents, and taxes, minus subsidies.

Providing local public services is a primary duty of local self-government.

Providing local public services is a primary duty of local self-governments.

Serving on a jury is a responsibility that is only for United States citizens.

The right to vote in federal elections is reserved for United States citizens.

The Thar Desert region receives an average annual rainfall of about 100-200 mm.

The boundary between the Earth's crust and mantle is called the Moho.

New Delhi is the capital city of India.

The demographic transition model is primarily used to explain population growth and the changes in birth and death rates over time.

The demographic transition model describes the transition of a country from high birth and death rates to low birth and death rates as it develops.

Real GDP is adjusted for inflation, while nominal GDP is measured at current prices without such adjustments.

Citizens have the duty to respect the rights of others, ensuring a harmonious society.

The Earth's outermost layer is called the Crust.

The economic system in the United States is primarily a capitalist economy.

A price ceiling, which is a maximum price set by the government, can lead to a shortage as demand exceeds supply at that price.

A price ceiling is a maximum price set below equilibrium, leading to a shortage of the good.

The expenditure approach to calculating GDP is represented by the formula: GDP = C + I + G + (X - M), where C is consumption, I is investment, G is government spending, X is exports, and M is imports.

The Supreme Court is the highest court in the United States, with the ultimate authority on constitutional matters.

The Constitution is the highest law of the land.

The impact of socioeconomic status on health varies widely and can be both positive and negative.